
In documents submitted to the state, the outgoing Rawlings-Blake administration agreed to funnel $23 million more in tax incentive (TIF) bond money to help underwrite highway improvements for Kevin Plank’s Port Covington project.
The commitment was disclosed in the minutes of the Maryland Transportation Authority’s board meeting shortly before Stephanie Rawlings-Blake left office and Catherine Pugh was sworn in as Baltimore’s mayor.
The 54% increase in city funding – from $43.1 million to $66.4 million – comes as part of Maryland’s re-submission of a FASTLANE grant application to the U.S. Department of Transportation.
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